3M CO | 2013 | FY | 3

(Millions) 2013 2012
Other current assets    
Prepaid expenses and other $ 602 $ 555
Deferred income taxes   502   472
Derivative assets-current   76   49
Product and other insurance receivables   99   125
 Total other current assets $ 1,279 $ 1,201
        
Investments      
Equity method $ 69 $ 105
Cost method   45   47
Other investments   8   11
 Total investments $ 122 $ 163
        
Property, plant and equipment - at cost      
Land $ 411 $ 413
Buildings and leasehold improvements   7,062   6,975
Machinery and equipment   14,665   14,190
Construction in progress   772   791
Capital leases   158   156
Gross property, plant and equipment   23,068   22,525
Accumulated depreciation   (14,416)   (14,147)
 Property, plant and equipment - net $ 8,652 $ 8,378
        
Other assets      
Deferred income taxes $ 360 $ 578
Product and other insurance receivables   96   139
Cash surrender value of life insurance policies   236   230
Other assets   288   270
 Total other assets $ 980 $ 1,217
        
Other current liabilities      
Accrued trade payables $ 547 $ 516
Deferred income   521   471
Derivative liabilities   103   106
Dividends payable   567   ―
Employee benefits and withholdings   195   178
Product and other claims   119   147
Property and other taxes   88   87
Pension and postretirement benefits   61   55
Deferred income taxes   37   45
Other   653   676
 Total other current liabilities $ 2,891 $ 2,281
        
Other liabilities      
Long term income taxes payable $ 472 $ 454
Employee benefits   315   332
Product and other claims   314   314
Capital lease obligations   58   71
Deferred income   19   29
Deferred income taxes   538   167
Other   268   267
 Total other liabilities $ 1,984 $ 1,634

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